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It isnt always necessary to add on when chip leader. The more chips you have, the lower the value of each chip of add-on. Although you are always playing for the win obv, making adding on likely in most cases, it is incorrect to assume that the chances of winning are significantly greater when adding-on a very low proportion of your stack.
To make it more visual, if say the average stack is 5000, and you have 40000, and the add-on is 1000. The value of those extra 1000 chips is significantly greater to someone who is closer to the average stack size (eg a 20% boost), than to the chip leader (a 2.5% boost). Realistically (dependant on fieldsize, and your investment thus far) you will often be juicing the prizepool more than you will be increasing your EV from the prizepool. Say you invested $22, and it's $11 to add-on. By adding on you are increasing your buy-in by 50%, which is chunky compared to a very minisicule % chip improvement. The lower the field size the more that effect will get enhanced.
Most players will add on more for psycological reasons in those type of scenarios. They want to feel they have taken every step necessary to maximise their chance of winning, but realistically the further and further you (as chipleader) are above the average chip stack the less you should worry about it.
Another reply by Venice on the subject:
How much were you in for? (total of entry fee + rebuys)
If you're in for $800 then you're in at the actual value of 30 chips for the dollar anyway. So you might as well.
If you're in for $600 then you're in at 40 chips for the dollar, and they are offering you 30. Not too bad.
If you're in at $300 then you're in at 80 chips for the dollar, and they are offering you 30.
It would be perfectly fine not to take it if that's what you decided. Holdem is a game of small edges where so much obv can happen. A few extra chips at above market rate really wont make a lot of difference to profitability for a chipleader who is substantially ahead, in the long-run.
Only a fool for example would take the add on with 100K in chips with the next player at 50K after only being in for $200. A 3% chip improvement for a 50% increase in buy-in cost. The guys who say always add-on are the real noobs - It's a throw-away comment for lazy writers. "Virtually always" is much more accurate . In scenarios such as yours it is neither massively wrong or massively right. Personally I wouldnt bother unless you're average buy-in depth for the $100s is regularly ballpark 8 buy-ins or so. Certainly not if you average 2-3.
IR1A - Take rebuy immediately?
i always wondered...i know in the normal rebuys you should auto take it to start deep....but if im limited to 1 rebuy...should i save it for if i bust? or play deep like usual?
This is one of those debates that has been around since almost the dawn of time....since cavemen Bob first ripped open a pack of Bicycles. There isnt actually any firm consensus on it, so you can really do either and still feel you're correct.
The 2 main arguments for the pro side:
1.1 You may never get another opportunity to take the 1500 chips on offer.
1.2 You may be decreasing your pay-off in stacking-off situations .
The main argument for the other side is:
2.1. The most important rebuy is always the one which takes you from 0 to 1500 not 1500 to 3000. ie Tournament life is what matters. To quote the National Lottery "you've got to be in it to win it"
If you say give yourself a say 10% edge on the field and extrapolate that (extremely loosely) to mean that in stacking off situations you are 55:45 to be on the favorable end, as opposed to some form of cooler/beat, then you could argue that this particular edge isnt enough in the 1.2 vs 2.1 case. (45 times out of 100 you get the opportunity to play on and get right back into it with a chance of doing well. VS 55 times out of 100 your double-through larger than otherwise but still obv have a very long way to go). So really it more than likely comes down to the argument of 1.1 against 2.1. Guaranteed Free chips v Guaranteed spare tournament life.
Do what suits you best. There isnt a right/wrong answer.